$310,000
SOLD JAN 10, 2025

7 Mercer Place Ocean City, NJ 08226

2 Beds
1.5 Baths
742 Sq Ft
479 Sq Ft Lot

Recently Sold

$418 Per Sq Ft

21% Below List Price

91 Days on Market

Highlights

  • Air Conditioning
  • Ocean City Primary School Rated A
  • Forced Air Heating System

About This Home

As of January 2025

Check out this two-story townhouse featuring 2 bedrooms and 1.5 bathes located off of Bay Avenue. It's walking/biking distance to the shops on Asbury Ave. This property has no HOA fees! More pictures to follow.

Last Agent to Sell the Property

Luke Varallo

TI Realty Group Listed on: 09/11/2024

Last Buyer's Agent

Anthony Celano

Redfin Corporation-Asbury Park

Redfin Corporation-Asbury Park

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,202

Lot Details

  • Lot Dimensions are 14 x 33

Home Design

  • Vinyl Siding

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,202

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Townhouse
  • Lvt Date: 09/11/2024
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 2
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Family Room: On Level: Lower
  • Kitchen: On Level: Lower

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Electric
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 14 x 33
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Jan 9, 2025
Sold by
7 Mercer Place Llc
Bought by
Martin Gail M
Seller's Agent
Luke Varallo
TI Realty Group
Buyer's Agent
Anthony Celano
Redfin Corporation-Asbury Park
List Price
$390,000
Sold Price
$310,000
Premium/Discount to List
-$80,000
-20.51%
Views
87
Current Estimated Value
$353,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,973
Avg. Annual Appreciation
23.44%
Original Mortgage
$294,500
Outstanding Balance
$292,939
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$61,034

Purchase Details

Listed on
Jul 5, 2018
Closed on
Aug 30, 2018
Sold by
Healy John F and Healy Stacey P
Bought by
7 Mercer Place Llc
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Eric Booth
Compass New Jersey-Ocean City (O463E)
List Price
$165,000
Sold Price
$157,000
Premium/Discount to List
-$8,000
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%
Original Mortgage
$130,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2003
Sold by
Cole Richard
Bought by
Healy John Francis and Healy Stacey P
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $310,000 Title Forward
Bargain Sale Deed $310,000 Title Forward
Deed $157,000 --
Deed $110,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $294,500 New Conventional
Closed $294,500 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $130,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $310,000 -20.5% $418 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $390,000 +148.4% $526 / Sq Ft
08/30/2018 08/30/18 Sold $157,000 -4.8% $212 / Sq Ft
07/10/2018 07/10/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $165,000 -- $222 / Sq Ft
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,202 $107,100 $58,700 $48,400
2024 $1,202 $107,100 $58,700 $48,400
2023 $1,147 $107,100 $58,700 $48,400
2022 $1,102 $107,100 $58,700 $48,400
2021 $1,076 $107,100 $58,700 $48,400
2020 $1,047 $107,100 $58,700 $48,400
2019 $1,036 $107,100 $58,700 $48,400
2018 $1,026 $107,100 $58,700 $48,400
2017 $1,010 $107,100 $58,700 $48,400
2016 $971 $107,100 $58,700 $48,400
2015 $959 $107,100 $58,700 $48,400
2014 $945 $107,100 $58,700 $48,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2025

    Luke Varallo

    TI Realty Group

    (856) 305-4829

    2 in this area

    4 Total Sales

    Luke Varallo
    Section Image

  • A

    Buyer's Agent in 2025

    Anthony Celano

    Redfin Corporation-Asbury Park

    Anthony Celano
    Section Image
  • Michael Contino

    Seller's Agent in 2018

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    372 in this area

    429 Total Sales

    Michael Contino
    Section Image
  • Eric Booth

    Buyer's Agent in 2018

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    81 in this area

    143 Total Sales

    Eric Booth
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 588981

South Jersey Shore Regional MLS

APN: 08-00609-0000-00010

New Jersey Cape May County Ocean City 08226

7 Mercer Place, Ocean City, NJ

This home is located at 7 Mercer Place, Ocean City, NJ 08226 and is currently priced at $310,000, approximately $417 per square foot. 7 Mercer Place is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.
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